(02.06 MC) Considering 2017 prices as the base year prices, the price of good x in 2017 was $2, and 200 units of x were produced. In 2018, the price of good x was raised to $4, and 150 units of x were produced. Which of the following is true about the real GDP?

(03.02 MC) If the marginal propensity to consume is .75 (or 75%), which of the following is true?

(02.04 LC) The consumer price index tends to ________ the substitution of lower-priced goods, which has the effect of ________ inflation.

(02.07 MC) Economists conclude that Country A is overheated and the output is about to fall. Which of the business cycle phases is referred here?

(02.04 MC) If the price of a basket of goods in the given year is $56 and the price of the basket of goods in the base year is $70, then what is the consumer price index (CPI) for the given year?

(02.07 MC) In which year did the economy above most likely have an actual unemployment rate equal to the sum of its frictional and structural unemployment rate?

(02.03 MC) An economy’s natural unemployment rate is 7 percent, its frictional unemployment rate is 2 percent, and its actual unemployment rate is 11 percent. Based on this data, its structural unemployment rate is ________, and its cyclical unemployment rate is ________.

(02.03 HC) The following table shows the demographic of a country, as given by the Bureau of Labor Statistics. Individuals under the age of 16 16 million Retired individuals over the age 65 9 million Discouraged workers of age 16 and above 5 million Employed persons of age 16 and above 18 million Unemployed persons of age 16 and above 8 million Based on the above data, what is the labor force participation rate (LFPR) for this country?

(02.03 MC) Which of the following is true about the limitations of the unemployment rate?

(04.01 MC) Following an increase in the rate of interest, which of the following will occur?